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, president obama won it four years ago, governor romney has won it this time. it is not a surprise, though. we were expecting governor romney to take indiana. kentucky, this is a very red state and governor romney has taken kentucky, as well, tonight. and vermont, a very blue state weighing in early and president obama, abc news, based on the exit polls is ready to project a winner in vermont right now. let's tell you aboutther states. we have too little information to make a projection. georgia, a red state, bill clinton won in 1992, but no other republican or every republican has won since then and south carolina, solid red state, not enough information to project at this point, so -- and virginia, this is a big one, george, and we do not have enough information at this moment. we are watching it every single moment. we'll bring you the news as we have it. >> that is the biggest surprise so far. a must win for mitt romney. the overall map. as you said no big surprises right now. a lot of votes outstanding but the polls are closing. the race could not be closer. both 2012 stavote 2012 sta
into this evening. a battle between president obama and governor romney has long expected by political strategist and professionals to be one of the closest, dirtiest contest ever. after nearly $2 billion, hundreds of fundraisers and campaign events for both candidates and closely watched debates, america chooses who will lead the most important democracy for the next four years. the first set of polls in the nation to close will be in indiana and kentucky, but all eyes are on the swing states, many believe it will decide the election. polls in virginia close at 7:00 eastern with north carolina the subject of the battle for ohio and parts of florida behind. they close at 7:30. the results will come fast on on battleground states indicative of how independent voters ultimately all voters will decide this race. as tight as they have been nationally, four years ago president obama became the first democratic and 44 years to win virginia. going into election day today, virginia's 13 editorial votes are considered to be in play and virginia remains a state both campaigns deemed critical to the editori
. this is a state that president obama won by 6% in 2008, but again, the mitt romney lead may or may not last because only 2% of the vote has been counted. bob schieffer, the other state that has just closed, the state of ohio is critical to mitt romney's hopes for winning the white house. >> absolutely. i mean, his people told me last week, yes, we could win if we lost ohio, but i think it would be a very tall hill to climb if that happened. i mean, and the only thing that we have said through this campaign season more than it's coming out to turnout, no republican has won the presidency unless they won ohio. 18 electoral votes up there. if you say that president obama starts tonight or we think he has 237 electoral votes for sure and he'll probably get in nevada which is six votes, that brings him to 243 votes. if he picked up ohio, then he would have, i think, 261 votes. he would need only nine more votes to climb the presidency. ohio is always important, especially to republicans, i'd say, this year more important than ever. >> we've been talking to voters in all states as they've left th
this country for the next 4 years, president obama and governor romney campaigning hard in the swing states, that will decide the outcome of this elect, candidates adding new stops to extent campaign 2 election day. candidates still making their pitches, and what has been one of the longest fiercest and most expensive presidential elects in history. after nearly 2 billion-dollars, more than 600 million by outside groups alone, hundreds of events attended by both candidates, where do we stand in it is the poll say, an absolute dead heat. the swing state of virginia 13 electoral votes as ts to toss u, rasmussen report with governor romney with a 2 point lead, and it looks very close this year, latest survey. shows governor romney pulling into a 47-47 tie with the president, putting keystone state 21 electoral votes termly in play, and obviously if polling is correct, no state more surveyed and visited by candidates than ohio, making 29 campaign starts combined there this year. they are back today, and governor romney will return tomorrow to try to win the state, and race that many expect to d
going up against the pessimist barack obama. i'm still picking romney and you'll hear my commentary later in the broadcast. >>> for the first time with just hours to go, pennsylvania now coming up in play. that is astounding for a state long thought to be in obama's hands. we have amassed all of the kudlow all-stars on both sides of the aisle to help us out for the next hour. >>> first up, the first polls close in 24 hours. that includes the critical battleground state of virginia. so how close will tomorrow be? or can we expect mitt romney or obama to pull off a sizable win? who knows. chief washington correspondent john harwin knows. >> everything we know suggests it's going to be chose. let me give you context for prediction of a romney victory. take the latest nbc/"wall street journal" poll. obama 48%, romney photography%, can't get any closer than that, well wind the margin of error. then go to the battleground states. we've got three late battle ground state polls. first of all in the state of virginia which as you mentioned, polls close early, 13 electoral votes, 48/47, presi
: this is it. just hours left at the polling stations. can you imagine the tension in the romney and obama camps as the results start to roll in? look at wall street. stocks straight up. gold straight up. some are calling it an early romney rally. come on, everybody. this is election day. welcome to a special edition of "varney & company". we're about to begin. >> if you got a business, that you didn't build that. somebody else made that happen. >> unchain wall street. they going to put y'all back in chains. >> i went to all number of women's group, can you help us find folks. they brought us binders full of women. >> governor we don't have horses and bayonets because the nature of our military is changed. >> jack kennedy lowered taxes. >> oh you're jfk. >> don't boo, vote. voting is the best revenge. stuart: this is exciting. this is decision day. i'm stuart varney and this is a special election day edition of "varney & company". we have an all-star cast spread throughout the studio and across the country for you. gerri willis at romney headquarters in boston. rich edson at obama headquar
cbs news projects will go to governor romney. and so far tonight we have projected president obama the winner of the state of vermont. that is all we have at the moment. all the other state state wheree polls have closed we simply don't have enough information yet to make a projection on those states. will barack obama get a second term? or will mitt romney become the 45th president? will the democrats be able to hold on to the senate or will the republicans take control? we're about to find out. it's election night on cbs. changes and i'm going to bring it to this country. >> the stock market has rebounded. our assembly lines are humming again. we are moving forward! >> i want more jobs! my priority is jobs, jobs, jobs! >> i don't want your vote because of what i have done, i want your vote because of what i'm going to do. >> this campaign is growing, the momentum is building. >> in america our destiny is not written for us, it's written by us. >> three more days and we can get to work building our country. >> in two days america's got a choice to make. >> one final push and we'll
class. that's us. >> reporter: mitt romney had used for years now the term obama care, something of an epithet to attack the president's health care reform. tonight certainly a referendum on many things. do you think it was a referendum on that, if nothing else? >> no, i don't think so. i think that obama has got a plan in mind and that there's nothing wrong with that. he's going to move things around and organize health care in a better way so it's more accessible for everybody. >> what do you make of the celebration especially as we called barack obama -- >> it's awesome. >> reporter: what you thought it would be? >> i think it's great. >> reporter: two very happy, satisfied voters, if nothing else, i would argue there are a few more behind me here in times square tonight, diane and george. >> a lot of people. to ron brownstein right now. there's going to be so much we learn about the country coming out of this election and the party. one fact i want to throw at you as you reflect on this victory for president obama. the last six presidential elections democrats have won the po
or are we europe? and who leads? good morning. two candidate. barack obama and mitt romney square off last night. in columbus, ohio, bruce springsteen won the cloud for the president but even celebrities could not find a house. in new hampshire, kid rock fronted mitt romney and his wife went to, the place was packed. a very enthusiastic reception. the latest polls, gallup has romney up by one. washington post has obama up by 3 but the sample was skewed the democrats and we got the latest revenues and poll numbers. romney by one, 49-48. 1 twenty million votes will be cast today. it has already begun and "varney and company" is beginning right now. stuart: it is tuesday, november 6th, it is election day. since it is the most critical day of lee year, charles payne is joining the company early. special treat. the mainstream media is pulling for president obama saying signs point to an obama victory but these pictures tell a different story. for the second straight night a packed crowd for mitt romney. thousands attend romney, his wife, kid rock, romneys were overwhelmed with emotion after a l
it was a referendum on that? >> no, i think obama has a plan in mind and there's nothing wrong with that. it's going move things around and organize health care in a better way. >> i wonder, what do you make of the celebration, especially as we called barack obama. >> it's awesome. >> is it what you thought it would be? >> it's great. >> two satisfied voters. if nothing else, i would argue there are a few more behind me in time square tonight. >> let's go to ron bron stein now. there's so much we'll learn about the parties. one fact i want to throw out at you as you reflect on this victory. you look at the last six elections, democrats have won the popular vote five out of six times just as the republicans did before. the margins hadn't been as big but thaifr been behind this growing groups, minorities, young people, the million yal generation and the college educated white women. it is a coalition that continue toss grow in sxiez allows democrats to overcome very weak performances. you look at florida and virginia where he's right in there punching, he's winning well under 40% of white voter
campaigned with enough specificity to claim they have a mandate, president obama did not win convincingly, in addition, what is amazing 6 billion plus spent, we have a republican house, a democratic senate, and president obama reelected. and super pacs and all. so, president obama is going to have so to extraordinary leadership, he needs to employee a unity approach to governing. neil: we might see that? >> i hop so, that is only way we will get congress, he needs a new economic time, and his skills and int -- intellect to use the bully pulpit which he has not done so far. neil: what do you think? >> a tax increase. neil: he will claim that is what -- >> he ran, nothing but for confrocontran seption, and a ner issues. neil: republicans go along. >> speaker and minority leader, they will be in bet pore sig, -- better position, when new congress is seated, everyone kicks a character and puts so much on the election. neil: that is their cover. lou: i don't think that john boehner has conservativ!! covert forefront of the republican party. neil: he is their biggest star. lou: he is only man w
into reality. neil: if things go just as expected, it would be keeping the barack obama was on track to getting at least the 270 needed. 290 by my count. as the state's rollout as expected. iowa and nevada, we too close to call. for all of iowa's six electoral votes, they campaign my crazy nonstate. lou: this is a tough battle. it is always nice for these challengers against the incumbents. a tough uphill work in the best of times. they are running against very clever political operation in the obama campaign. neil: utah such a mormon stronghold. the romney has very strong ties in that state. his family has strong ties. no surprise that utah kids that way. orrin hatch was one who did resist a tea tea party insurgent. this would be his seventh term. lou: such a remarkably able u.s. senator. neil: he moved a lot of positions, he moved gingerly to the right, he cornered his tea party opponent and the winner of the republican primary. that is a seat that stays in republican hands. it could mean that republicans and in worse shape than what we think. lou: given what we have seen, i am not surprised
. live look. president obama headquarters in chicago. governor romney in boston. we'll take you there live in a moment. we are getting information on why they vote the way they are. martha maccallum will cover that for us. >> reporter: they are analyzing the response as they come out of the polling places tonight. there are key states like ohio and virginia. the polls are still open for hours as people come home from work and continue to vote. so many areas we haven't heard from yet. what we can tell you for sure so far is that this is a very tight race tonight. let's start with the national poll question. direction of the country. are we on the right track or the wrong track? it's evenly divided. those saying we are on the right direction and going for president obama, no surprise there. 52%, though, say we are headed in the wrong direction. they are backing governor romney. now voters are split on whether the economy is getting better or worse. huge question tonight for everyone, of course. you have about four out of ten states getting better. three of ten say it's getting wor
obama winning a second term edging mitt romney by some of the thinnest margins some have seen in the popular vote in some time. but president obama win where he needed to win. taking most of the key battleground states that put him over the top in the electoral college. we welcome you here to a good morning. i'm bill hemmer. you look no worse for the wear, by the way. i squeeze in two hours so i'm fresh. martha: i'm martha maccallum. president obama with 303 was the magic number in electoral votes. romney at 206 though that number could change because the results from the battlegrounds of florida not yet in. you need 270 to win and the president crossed that magic number around what time? bill: 11:17 p.m. martha: he says the best is yet to come in his administration and he's willing to work with americans to solve america's problems. >> despite all the frustrations of washington, i have never been more hopeful about our future, i have never been more hopeful about america and i ask you to sustain that hope. i believe we can keep the promise of our founder. if you are willing t
live" starts right now. megyn: fox news alert, breaking news on the obama cabinet. as we just heard from the attorney general on possibly resigning as it is out with the old, in with the new, apparently, in obama administration 2.0. welcome to "america live," everyone, i'm megyn kelly. just two days after americans gave president obama a second term, we are learning that big changes could be on the way at top-level cabinet positions. secretary of state hillary clinton already said she has plans to leave, and now reports say that treasury secretary timothy geithner may be out, and moments ago the attorney general, eric holder, telling a group of law school students that he does not know if he's going to stay on the job. >> that's something that i'm in the process now of trying to determine. um, the first step has already occurred, that the president has been reelected. um, and i have to think about can i contribute in a second term. i have to, obviously, talk to him, speak to members of my family, in particular one who i'm married to, and then really ask myself the question about, yo
situation. still too close to call, but cincinnati, columbus, president obama has claimed victory there. those are some key counties and cities that we have been watching. just something to know. neil: all right. thank you very much. as we were telling you and telegraphing, this is when the obama folks are going to sort of wall about the points, and california is the big enchilada. safely democratic for years. ronald reagan to win the state. fifty-five electoral votes go for barack obama. north carolina, this is a pickup for mitt romney from what had been a democratic win four years ago. mitt romney, as he did in indiana tonight, when speck of state for the republicans. still in doubt is virginia when they are still counting the votes. florida when they're still counting the votes. simply too close to call. idaho, i think i mistakenly said that was expected to go for the presidents. i was wrong. mitt romney picks up by no and its four electoral votes. going to washington state, this was a state that the president was expected to win. he picks up those 12 electoral votes out of was
and whenever you are drinking or chewing right now, but it is not to be the case. barack obama handily picks up the state of new york. here we be. 149 in a tour of those for mitt romney. 127 for barack obama. rough calculation of the popular vote that has come and. it favors mitt romney by about a 51-49 percent margin. i hasten, and i mean quickly hastens at, that is my mastermind i have been known to use fingers and toes is a speculative stock. to not put great stock in it. wisconsin will be another one of those states to watch. wisconsin is one of those alternative romney place if you lose ohio. let me explain this briefly. pick up to and in wisconsin thanks to paul ryan being a running mate. maybe pick up the six in iowa. an uphill battle. polls show the president leading by five points are so. that is how you, altogether 16 electoral votes to offset the 18 you potentially lose in ohio. anyone's guess, but something will pursue now with sarah palin who remembers the pressure of this night four years ago. very good to have you. thank you for joining us. >> thank you so much. nice to speak wit
of the box day before polls coming to you shortly. big city newspapers, obama. small town papers, romney. establishment tv? well, they favor obama big time, no surprise there. in pennsylvania, tens of thousands brave a very cold night to cheer mitt romney. late sunday night, thousands more keep the enthusiasm level up for him in virginia. in new jersey and new york, millions are still reeling or feeling the pain. the president's post storm glow appears to have ended. this is the day before america decides what kind of a country we want. it is a stark choice and "varney & company" about to begin. ♪ [ male announcer ] is is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, ve a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket scie
obama crisscrossing the country from colorado to new hampshire over the next two days. that includes two separate trips to ohio. mitt romney has most of those states on his itinerary as well, but he's also adding pennsylvania to his list. last hour, we brought you live coverage of his stop in new hampshire. now, here is the national picture. and it couldn't be closer. our poll shows 47% each. president obama will soon be on his way to mentor ohio to campaign in the cleveland suburb, but before we take you there, listen to the president slam mitt romney over an ad his campaign is running in ohio. >> look, i understand governor romney has had a tough time here in ohio because he was against saving the auto industry. and it's hard to run away from a position when you're on videotape saying let detroit go bankrupt. but you've got to own what you say. this isn't a game. these are people's jobs at stake. these are people's lives. you don't scare hard working americans just to scare up some votes. that's not what being president's all about. >> the president was responding to this romney ad tha
barack obama and his challenger mitt romney have no space in their schedules today, and why should they? i want you to look at the number on the bottom of your screen. it says, two days. two days is what's left before the election in america. the two candidates and their camps are all over america today. president obama a at functions from new hampshire to colorado, while mitt romney is keeping his attention focused on states further east. they're working late, too. one of the president's events is at 10:30 tonight in aurora, colorado. that is mitt romney and his wife ann at an energetic gop rally this afternoon. that's in cleveland, ohio. he told supporters a slogan used by the president four years ago better applies to him this time around. >> if you believe we can do better, if you believe america should be on a better course or if you're tired of being tired, then i ask you to vote for real change. paul ryan and i will bring real change to america from day one. when i'm elected, the economy and american jobs will still be stagnant, but i won't waste any time complaining about my pre
. obama to forge the bipartisan compromise that eluded him in his first four years. welcome to "america live," it's the day after, and i'm megyn kelly. as the dust settles from campaign 2012, the balance of power in washington looks -- the same. [laughter] the white house and the senate will still be in democratic hands come january, the house still firmly controlled by the republicans. on the heels of a hard-fought contest, president obama appeared ready to reach across the aisle. at one point sending out a message that read, we're all in this together. that's how we campaigned, and that's who we are. thank you. and last night in his victory speech, a similar tone. >> i believe we can seize this future together! [cheers and applause] because we are not as divided as our politics suggest. we're not as cynical as the pundits believe. we are greater than the sum of our individual ambitions, and we remain more than a collection of red states and blue states. we are and forever will be the united states of america! [cheers and applause] and together, with your help and god's grace, we will
hampshire, that is a state that favored for barack obama but too early to call, but alan on that idea of how much time you give to turn things. >> it is what you focus owe had an economy that was in terrible shape, caused somewhat under the bush administration. he should not get total blame. neil: a lot to blame him, a good plurality say, you know -- >> this was due to the housing market. that started problem quite frankly dramatically under the previous mr. clinton,. neil: community reinvest. , we raised to 50%. >> we started out 10%, and it was raised to 50%. that is what caused it, not just the banks but government intervention. but back to jobs, you say job is number one problem you do not spend your time on health care, that not adding jobs. neil: part of the thing in exit poll, a lot of people like this healthcare. a lot of them like it. >> they may like it because they have not yet paid for it but they will pay for it businesses have to pay more money for it you will have to pay more money. one thing that people don't know and understand is what service they are going to get in future
boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelectio with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you know, this comes down to chime in. you have the fiscal cliff. what democrats want to do really -- what they want to do is use t
given president obama a new four-year lease on the house at 1600 pennsylvania ight, itg mo. >> the president not only big. >> this shellacking electoral results, it looks like a rout. >> source close to the romney summed up their feelings in three words, this one stings. >> the six-round knockout out of nowhere. >> we were sitting in the pumpkin patch waiting for the great pumpkin to rise. never came. >> no. >> as it turned no one sing state was crucial for the president with the exception of north carolina president obama took every single battleground state. the only remaining question is florida which hasn't yet been called and where the president still holds a lead. last night at 12 minutes past 11:00, 12 minutesfirst declared the winner in 2008 the president clenched ohio and with it re-election. but a few were too shocked to believe it. >> all i'm saying is is that look we've had one instance where we're -- where something was prematurely called. >> karl rove is here with michael back there with the decision desk. we would like to refer to th
like the end of february. president obama, you just got >>> good evening. looking live at the white house tonight. we've got breaking news on the president tonight. i'm going to show you one of the most extraordinary pieces of video i think i have ever seen of any political leader. it was shown yesterday at obama campaign headquarters in chicago just hours after barack obama's re-elected. it shows the leader of the free world as i have never seen him, you probably haven't seen him either. raw, exhausted and reduced to open tears by the efforts of his young campaign workers. and by the thought of what he himself has accomplished. it's one of those things you've got to watch in its entirety. here it is, arguably barack obama's finest ever speech. >> i try to picture myself when i was your age and i first moved to chicago at the age of 25, and i had this vague inkling about making a difference. i didn't really know how to do it. i didn't have a structure. and there wasn't a presidential campaign at the time that i could attach myself to. ronald reagan had just been re-elected and was i
percent. we are bracing for gridlock. president obama claims another four years. europe also in play. decision day with protesters taking to the streets on the new morning about the euro zone debt crisis. tracy: despite the ballooning deficit, president obama winning a decisive electoral victory. any chance things in washington will actually change now? or does it give the president a big old mandate? lori: a record 20 million people taking to twitter to speak out about the election. coming up, the most popular tweet of all time. the new york stock exchange and nicole petallides. broad-based selloff, most sectors in the red today, what are the traders saying? nicole: they're looking at the key levels, the s&p 500 below 1400, a very technical level that we have followed. traders say tha said that is nod sign. you think maybe this is a buying opportunity with the traders i have been talking to say it has further downside potential. sector after sector coming under pressure for the next four years. financials, energies and the likes. also a name making some headlines on their ow
states that matter most. president obama kicking off his last eight this morning in madison, wisconsin. governor romney started his day off in sanford, florida. it does not end there. the president then flies off to columbus, ohio. followed by a stop in des moines, iowa, before ending the day in his hometown of chicago, where he will likely watch the election results come in. governor romney visiting battleground states including virginia, ohio, and new hampshire. we are also told that he will not be arriving in his hometown of belmont, massachusetts, until overnight tonight. what do the candidates campaign stops reveal about their strategies? and also what their internal polling tells him? joining me now is chris stirewalt. and michael brown. let me start with you. what does it tell us? >> it sounds like mitt romney is very eager to keep the path to the presidency to him open. that is to win ohio. if he can close what seems to be a persistent that small gap in ohio, his chances of winning the overall presidency are much higher. that's what he wants to do. megyn: michael, what does it
changes that. it's pretty clear that the president was elected, obama care is the law of the land. >> but you won't be spending the time next year trying to repeal obama care. >> there may be parts of it that we believe need to be changed. we may do that. no decisions at this point. >> but hours after that interview, boehner shrouded himself once again tweeting, obama care is law of the land but it is raising costs and threatening jobs. our goal has been and will remain #full repeal. despite the seductive dance over tax and health care policy it is the president who actually holds the cap positive audience. in one hour obama is expected to give his first policy address since re-election. this time around, it looks like president obama will have the upper hand. in the cover story for bloomberg business week josh green writes president obama is holding the cards, quote, in obama's second term, leverage will shift to the democrats on almost every issue of importance. that includes economic policy, tax policy, immigration, and health care. even the speaker seems to realize this. >> mr
. >>> under the boardwalk. hurricane obama buries romney. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start with this. hurricane and this president. hemingway called it grace under pressure, the highly educated call it good government. the american people who count the most call president obama's handling of tropical storm sandy positive. 4 out of 5 give him good marx as first responder in the crisis. the question before the election is whether this huge story about disaster and executive response is the last big one before we vote. is it the october surprise? the black swan that swoopes out of nowhere and changes everything? as scarlet o'hara said, there's always tomorrow. chuck todd is nbc's political director and john heilemann is new york magazine's national affairs editor and msnbc analyst. i guess that's my question to start but let me give you this first. the president this afternoon bagged a big endorsement, new york mayor mike bloomberg who is always interesting to watch. he cited the president's stance on climate change the major reason. he wri
>> fox news election alert. barack obama has been reelected the president of the united states. >> what does that mean for freedom? >> i have no idea. >> that is our show. >> it is finally over now we have four more years of barack obama up. what does that mean to me? freedom. in chicago the president's lugging supporters asked what does that mean for freedom? >> freedom? >> freedom? >> i have no idea. [laughter] >> freedom? freedom? [laughter] >> let's dance. most people had no clue what to do with the question. that is upsetting to me. the man who has taught me a lot about freedom david those. were you surprised? >> i am dumbfounded. i would not expect they would give the answers i would like but i thought they would have an answer. >> it is this what good government give me? free down is not part of that. >> there used to be dead counter culture left like the marijuana freedom doing your own thing even if they'd understand starting a business is also doing your own thing. it is disappointing they don't even big of a connection between the democratic election and the impact o
>>> newly elected president obama is back in washington, automatic spending cuts and tax increases set to go into effect at the beginning of the year, known together as the fiscal cliff. members of one of the most deeply divided congresses in history are sending smoke signals up capitol hill to note they are ready to get back to the bargaining table. >> mr. president, this is your moment. we are ready to be led, not as democrats or republicans, but as americans. >> i want to work together, but i want everyone to also understand, you can't push us around. we want to work together. >> as washington digs back in, politicians and pundits alike are still post-gaming obama's election night victory. >> as soon as the votes started coming in and we matched them up against the model, we were well convinced that the thing was going to go according to plan. >> republicans in a crisis of their own after mitt romney's disastrous defeat. does the governor's loss and demise signal a greater crossroads for the grand 'ole party? >> i think it's more of a branding problem because the branding proble
it the november surprise. in 90 minutes, president obama will hold his first press conference since re-election and he will be holding it amid circumstances no one could have predicted. just one week after america gave him a second term, at a time of high stakes negotiations over the so-called fiscal cliff, the president will likely face questions about a salacious sex scandal involving the now former cia director. >> does the president see this in general as an unwelcomed distraction at a time when he's just -- was re-elected and has a bunch of priorities in terms of the fiscal cliff and in terms of his cabinet? >> well, i certainly i think wouldn't call it welcome. obviously the, as i said to ben, the information about general petraeus came to him as a surprise. >> not exactly welcome is perhaps an understatement. the resignation of general david petraeus as cia director hangs another question mark over america's intelligence community and foreign pollicy leadership. with petraeus out he could tap john owe brennan to take over at the cia. secretary of state hillary clinton has insist
popping the champagne yet. david coat, the honeywell ceo who met with president obama during that business leader summit last week says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans would freeze the economic recovery. obama's plan includes lower taxes on the first $250,000 earned by every american and tweaking the alternative minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook i
of what he promised. unemployment is higher today than when barack obama took office. >> we have our dynamic jobs report duo, bernstein and mauri maurice. that's a good number. how is it? >> it's a good number when you consider the past couple of months moved up on the payrolls 84,000. one of the things i always like to do when we talk about this is smooth out the monthly noise in the data by taking ang average. if you look at the average over the past four months and the employment growth has picked up, it's 170,000 per month. if you look at the second quarter when we were in a definite slower job growth regime, we added 70,000 per month. what you hear the president reflecting on there and it's worn out in the numbers is acceleration. a faster pace of job growth that's a good thing. you mentioned the tick up in the unemployment rate. that increase is insignificant, but more importantly this time it's a function of more people coming into the labor market. a bunch of them got jobs, but more people came in than were employed. if that persists, it's actually a good sign suggesting that
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